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19/04/2010

Cousins Success Sees Them Acquire 3 New Franchise Locations

Around a year ago, business partners and cousins Ian Preston and James Baker (pictured) went from working for a leading estate agency chain to owning their own estate agency and lettings business under a Bairstow Eves franchise arrangement.

Ian Preston and his cousin James were both working for a large estate agency group when they decided to take the opportunity to launch their own business. “I was an Area Manager responsible for looking after 10 offices,” remembers Ian. During the course of my former employers restructuring programme I spotted an ideal opportunity to launch my own estate agency business. I always had the aspiration to be my own boss so I saw the then market conditions as the perfect time to take the plunge into self employment.”

Although Ian and James were already familiar with many aspects of estate agency practise and legislation, the franchisor Bairstow Eves Franchising provided additional information and training via classroom based courses to fill their knowledge gaps. This was particularly true in the field of lettings and property management in which the pair had little if no previous experience.

Ian Preston comments “As we had no experience whatsoever in the lettings aspect of the business, we attended a comprehensive training programme that focused on all aspects of lettings, property management, legislation and the comprehensive client services offered by the back room support unit at BEPM (Bairstow Eves Property Management).”

Commenting on work life balance Ian says “I have enjoyed the challenge of selling houses again and doing the day to day estate agency jobs,” explains Ian. “I have also achieved a much better work/life balance since launching the business and I am able to spend more time with my wife and three young children as I no longer work late into the evenings.”

Initially launching their first office in 2008, last December Ian and James expanded their business by opening a second office in Selby. This year the offices are set to produce a combined turnover in excess of £500,000. Although the business is going from strength to strength they are aiming to grow it even further still.

“We have secured franchise licences to open a further three new branches and we are planning to open one new office per year over the next three to four years,” comments Ian. “Two offices will be opened in Leeds, one more in North Yorkshire giving us a network of five in total.”

 
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